Realtors Offer 40% Discount To Buyers

Published: March 24, 2009 at 12:24 PM | Author: Administrator
News Source: Google.com

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To perk up the sluggish realty market in India, Unitech, DLF, HDIL, BPTP and others are offering a 30-40% discount on ongoing real estate projects. Analysts assert that such projects will facilitate demand and bring in much-needed liquidity in to the industry. In the last few months, DLF has launched a project each in Hyderabad and Bangalore, totalling close to 4,000 units. DLF executive director, Mr. Rajeev Talwar said that of these, about 500 units have already been sold in the price range of Rs 1,850-1,890 per sq ft. "These prices are lower than prices in 1998," he added. Unitech has also launched a few projects in the last two months. Unitech's Uniworld Garden II in Gurgaon's Sector 47 has been launched at Rs 3,250 per sq ft.